Wall Street CompensationââNo Clear Rhyme or Reasonâ

Andrew Cuomo, New Yorkâs Attorney General, just released a report breaking down compensation at the nine original TARP recipients.

âThere is no clear rhyme or reason to the way banks compensate and reward their employees. In many ways, the past three years have provided a virtual laboratory in which to test the hypothesis that compensation in the financial industry was performance-based. But even a cursory examination of the data suggests that in these challenging economic times, compensation for bank employees has become unmoored from the banksâ financial performance.â

Below is a table of how many employees at each of the nine firms received bonus payments in excess of $3 million, $2 million and $1 million. Click here to see the full report. And click on the following names to see the compensation summaries for the individual banks: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs Group, J.P. Morgan Chase, Merrill Lynch, Morgan Stanley, State Street, and Wells Fargo.